THE ROLE OF HIGHER EDUCATION AS A FACTOR OF ECONOMIC AND SOCIAL DEVELOPMENT

Александар Живковић
Faculty of Economics, University of Belgrade

Милош Д. Лутовац
Belgrade Business School-Higher Education Institution for Applied Studies

https://doi.org/10.7251/ZREFB1812055L

 

Published 10/31/2018
Volume 12, Issue 1, 2018

ABSTRACT

Economic development and growth of every society depend on the education. Therefore, it is necessary to pay special attention to the education sector, its connections with the labor market and defining the strategy. The world today faces a crisis in many areas of social life and work of people, including the education. The main issue of developing countries is how to catch up with developed countries in the global redistribution of knowledge, skills and capabilities, or engage in modern world trends. Education as an important factor in the development and progress, in every country, even in Serbia, draws the attention of the general public, experts and especially scientists, who view it from different sides. Over the last two decades, it has experienced drastic changes that are the result of major events on the world's educational, economic and political scene. For Serbia, in the transition process, this issue is very topical in order to achieve progress, convergence, or harmonization of the educational, scientific and research and development system with a narrower and wider environment. Universities are important for promoting the social, cultural and economic development of nations and should take a role in the changes and economic development of Serbia. At the same time, the question of contemporary educational paradigms, which are appropriate to the turbulent environment, very rapid changes and methods of work, is additionally posed, which is a complementary research challenge and an incentive to try to give our own contribution to the research.

Keywords: education, human capital, university, economic development.

 

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